Sasol Ltd. (NYSE:SSL – Get Free Report) CFO Walt Paul Bruns sold 7,890 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $12.70, for a total value of $100,203.00. Following the completion of the sale, the chief financial officer owned 54,628 shares in the company, valued at $693,775.60. This represents a 12.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Sasol Trading Down 0.0%
SSL opened at $14.29 on Friday. The business’s fifty day simple moving average is $12.35 and its 200 day simple moving average is $12.21. Sasol Ltd. has a 52 week low of $5.24 and a 52 week high of $15.18. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.49.
Sasol (NYSE:SSL – Get Free Report) last announced its earnings results on Friday, August 14th. The oil and gas company reported $0.56 earnings per share for the quarter. The firm had revenue of $4.61 billion during the quarter. As a group, equities analysts predict that Sasol Ltd. will post 2.71 EPS for the current year.
Institutional Investors Weigh In On Sasol
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Sasol from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Sasol in a research note on Monday, June 15th. Bank of America upgraded Sasol from a “neutral” rating to a “buy” rating in a report on Wednesday, September 9th. Zacks Research raised Sasol from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Investec assumed coverage on Sasol in a report on Wednesday, June 17th. They set a “sell” rating on the stock. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
View Our Latest Stock Analysis on SSL
Key Sasol News
Here are the key news stories impacting Sasol this week:
- Neutral Sentiment: Analysts maintain a consensus “Hold” rating on Sasol, signaling limited conviction that the stock will outperform in the near term. Sasol Receives Consensus Hold Rating
- Negative Sentiment: Five Sasol executives, including CFO Walt Paul Bruns and EVP Vuyo Dominic Kahla, collectively sold 36,974 shares for approximately $469,570 at an average price of $12.70 on September 8. The sales reduced their individual holdings by roughly 4.6% to 90.4%, which could weigh on investor sentiment, although insider sales may also reflect personal financial planning rather than a negative outlook. Sasol Executive Insider Sale Filing
About Sasol
Sasol Limited is a South African integrated chemicals and energy company listed on the New York Stock Exchange under the symbol SSL. The company develops and commercializes technologies that convert coal and natural gas into fuels, chemicals and other value-added products, with operations and customers in South Africa and international markets.
Its portfolio includes liquid fuels, solvents, alcohols, surfactants, polymers, waxes, ammonia and other chemical products used in sectors such as mining, manufacturing, agriculture, automotive, personal care and household products.
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